W 20 Assignment/takeAssignment Main doinwokerStakeAssignmentSessionLocator Binprogress false Keyboarding Language Arts Math Raterences Science Search Engines Social Studies Teacher Resources stock Calculator Print them Overhead Rates, Unit Costs Folsom Company manufactures specialty tools to customer order. There are three producing departments Departmental information on budgeted overhead and various activity measures for the coming year is as follows: Welding Assembly Finishing Estimated overhead $220,000 $62.000 $150,000 Direct labor hours 4.500 10,000 6,000 Direct labor cost $90,000 $150,000 $120.000 Machine hours 5.000 1,000 2,000 Currently, overhead is applied on the basis of machine hours using a plantwide rate. However, Janine, the controller, has been wondering whether it might be worthwhile to use departmental overhead rates. She has analyzed the overhead costs and drivers for the various departmes and decided that Welding and Finishing should base their overhead rates on machine hours and that Assembly should base its overhead rate on direct labor hours. Janine has been asked to prepare bids for two jobs with the following information Job 1 Job 2 $6.725 59,340 Direct materials $1,800 53.100 Direct labor cost Direct labor hours 20 10 Welding 60 Assembly 20 70 Finishing Number of machine hours: Check My Work Submit Assignment for Home Prisen W 20 Assignment/takeAssignment Main doinwokerStakeAssignmentSessionLocator Binprogress false Keyboarding Language Arts Math Raterences Science Search Engines Social Studies Teacher Resources stock Calculator Print them Overhead Rates, Unit Costs Folsom Company manufactures specialty tools to customer order. There are three producing departments Departmental information on budgeted overhead and various activity measures for the coming year is as follows: Welding Assembly Finishing Estimated overhead $220,000 $62.000 $150,000 Direct labor hours 4.500 10,000 6,000 Direct labor cost $90,000 $150,000 $120.000 Machine hours 5.000 1,000 2,000 Currently, overhead is applied on the basis of machine hours using a plantwide rate. However, Janine, the controller, has been wondering whether it might be worthwhile to use departmental overhead rates. She has analyzed the overhead costs and drivers for the various departmes and decided that Welding and Finishing should base their overhead rates on machine hours and that Assembly should base its overhead rate on direct labor hours. Janine has been asked to prepare bids for two jobs with the following information Job 1 Job 2 $6.725 59,340 Direct materials $1,800 53.100 Direct labor cost Direct labor hours 20 10 Welding 60 Assembly 20 70 Finishing Number of machine hours: Check My Work Submit Assignment for Home Prisen